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SOPHIA ECON102 Unit 3 Milestone Latest 2022/SOPHIA ECON102 Unit 3 Milestone Latest 2022

SOPHIA ECON102 Unit 3 Milestone Latest 2022/SOPHIA ECON102 Unit 3 Milestone Latest 2022

Question 1
Which of the following is an example of medium of exchange?
Question 2
Which of the following is true about a fractional reserve banking system?
Question 3
Which of the following is an example of deflation?
Question 4
If the MPC is 0.75 and the government increases spending by $100 billion, the effect this change has on the economy will be which of the following?
Question 5
Which of the following is false about budget deficits?

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